DeepMarkit Responded to Carbon Credits Tokenization Dialogue

DeepMarkit responded to the current industry dialogue on tokenizing retired, expired, and low-quality carbon credits, also known as “zombie credits”.

The company is motivated by recent discourse and remarks by leading registries, Verra and Gold Standard, pertaining to the tokenization of active and validated credits only.

Their statements marked a positive development in the industry and its stakeholders as they have a crucial role in keeping the integrity of the carbon credit market.

Through its MintCarbon.io platform, DeepMarkit believes that the blockchain continues to have a vital role in providing more transparency, utility, and liquidity in the market. The platform is designed to ensure the quality and legitimacy of all minted credits.

DeepMarkit’s interim CEO stated that their regulated public company is deeply aware of the challenges and issues facing the new ‘crypto-carbon’ space and that he’s proud of their team’s efforts to identify friction points early in their development cycle.

The company also reaffirmed that it solely tokenizes (ERC-1155) tokens based on active, verified, and high-quality carbon credits that allow buyers to fund legitimate carbon projects.

DeepMarkit looks forward to continuing to respond to the industry’s dialogue about this matter.

Read the Full News Release HERE